Hawaiian Air Investors Indicted | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 11.28.16

Airborne 11.29.16

Airborne 11.30.16

Airborne 12.01.16

Airborne 12.02.16

Airborne Hi-Def On YouTube

Airborne 11.28.16

Airborne 11.29.16

Airborne 11.30.16

Airborne 12.01.16

Airborne 12.02.16

Wed, Apr 06, 2005

Hawaiian Air Investors Indicted

Two Accused Of Lying About Ability To Bring Carrier Out Of Bankruptcy

They lied. One tried to bribe an undercover Fed. Both are in very hot water.

That's the word from the US Attorney's Office in New York's Southern District about Paul Boghosian and William Spencer. Both have been indicted on conspiracy charges in connection with their bid to bring Hawaiian Airlines out of bankruptcy.

Boghosian leads Hawaiian Investment Partners Group, a company he formed to save Hawaiian Air. Spencer is a trustee at E&M Trust. The government says both men lied about their ability to bring Hawaiian Air out of bankruptcy with a $300 million cash infusion.

Boghosian is also accused of trying to bribe an undercover FBI agent posing as a hedge fund manager. The indictment says Boghosian agreed to pay the agent $500,000 in return for a $2.5 million loan.

There was no immediate comment from the beleaguered airline. Hawaiian Airlines filed for bankruptcy two years ago. The court last month accepted a plan designed to return Hawaiian Airlines to solvency.

FMI: www.hawaiianair.com

Advertisement

More News

Airborne 12.02.16: Stratos 714 1st Flt, TFR Politics, Airbus Job Cuts

Also: Female Skydive Record, ANN November Efforts, Dream Chaser, SecTrans Reax, FAA SAFO, Able Flight, Airline Group Grounded On November 21, the Stratos 714 very light jet took to>[...]

Aero-News: Quote of the Day (12.04.16)

“All three institutions have now sent a strong signal in favour of modernizing the Agency and the European aviation system as a whole. There is clear political will to ensure>[...]

Yingling Aviation Named Garmin Integrated Flight Deck Dealer

Wichita-Based Center Is Authorized To Sell And Install Garmin G1000 Through G5000 Avionics On Broad Range Of Business Aircraft Yingling Aviation has been named a Garmin Integrated >[...]

ANN's Daily Aero-Linx (12.04.16)

Aero Linx: The Colorado Airport Operators Association (CAOA) The Colorado Airport Operators Association (CAOA) serves the common interests of the owners, operators and users of the>[...]

ANN's Daily Aero-Term (12.04.16): Downburst

Downburst A strong downdraft which induces an outburst of damaging winds on or near the ground. Damaging winds, either straight or curved, are highly divergent. The sizes of downbu>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC